Wednesday, May 5, 2010

Da Rawkus

So in my country right now, Athens, Greece, riots are breaking out with angry citizens and Greek communist parties imposing under an international bailout to save Greece from bankruptcy. The euro slipped against the dollar and a Greek default would be a serious blow to the shared euro currency and inflict losses on banks holding Greek bonds in France and Germany. The bailout is intended to reassure markets Greece will not default and prevent the debt crisis from spreading to other financially shaky countries such as Spain and Portugal.